Economics Graduate Level- Business Proposal 2

Important information

Included?

Comments

Identification of market structure

X |_|

Yes No

Spoke in basic terms of a market structure explaining its process.

Assumptions regarding market structure and elasticity

X |_|

Yes No

Provides the general analysis of how market structure and elasticity work.

To what degree do you agree or disagree with the items below?

SD=Strongly Disagree

D=Disagree

N=Neutral

A=Agree

SA=Strongly Agree

Justification included?

Comments

Chosen method to increase revenue

|_| |_| x |_| |_|

x |_|

Yes No

It seems as though the increase is set up in the example shown, but I am not sure of how to explain it.

Chosen methods to determine profit-maximizing quantity

|_| |_| |_| x |_|

SD D N A SA

x |_|

Yes No

Shows detailed method.

Use of concepts of marginal cost and marginal revenue to maximize profit

|_| |_| |_| x |_|

SD D N A SA

x |_|

Yes No

Explains how the product (tea) will increase marginal cost and marginal revenue.

Suggested mix of pricing and nonpricing strategies

|_| |_| x |_| |_|

SD D N A SA

x |_|

Yes No

Ties in that of pricing and non-pricing, with selecting barriers of entry to provide more services to the consumers / customers.

Selected barrier to entry

|_| |_| x |_| |_|

SD D N A SA

|_| |_|

Yes No

Ties in that of pricing and non-pricing, with selecting barriers of entry to provide more services to the consumers / customers

Chosen methods to increase product differentiation

|_| |_| |_| x |_|

SD D N A SA

x |_|

Yes No

This area seems to be explained in the Pricing Decisions details which includes info of product and marginal methods.

Chosen methods to minimize costs for the product

|_| |_| |_| x |_|

SD D N A SA

x |_|

Yes No

Believe this is discussed with that of Non-pricing strategies to offer more services to generate more profit which in turn could reduce its cost to the consumer.